Eden Hazard and Oscar are reportedly being targeted for summer moves (Picture: PA)

Real Madrid are preparing to challenge Paris Saint-Germain for the signing of Chelsea duo Eden Hazard and Oscar, according to reports in Spain.

Spanish newspaper AS say Carlo Ancelotti has identified the pair as two of his main transfer targets for this summer’s window, with speculation mounting Chelsea may be forced to sell in order to splash the cash on a big-name striker and still comply with Financial Fair Play regulations.

Eden Hazard and Oscar are two of Chelsea’s outstanding players (Picture: Reuters)

PSG have already been linked with a £90m move for the two playmakers, although Jose Mourinho has already said no less than £300m will convince him to part with Oscar and Hazard.

The reports in AS over Madrid’s interest don’t mention the value of a prospective offer, but it remains unlikely Chelsea will sell their star duo without first exploring all other options, especially having already parted company with Juan Mata in the January window.